6 simple strategies to improve your credit score
TRANSCRIPT
Struggling with bad credit? Let’s take a look at six common sense strategies that can help turn your credit score around.
Better yet, only spend what you can expect to pay back at bill time, and pay o� the balance every month.
When it comes to reducing your overall debt, even throwing in an extra $20 or $50 a month will help. Plus, paying more than the minimum payment looks good on your credit report.
$20
$20
$50
Just because you have a credit card with a $10,000 line of credit doesn’t mean you should use it all. For optimal marks on your credit report, it’s best to use 30 % or less of your available credit.
$10,000
Just say “No” to new credit card o�ers.
CREDIT CARD
000 000 000 000
LOW APRNO PAYMENTS
PRE QUALIFIED
Numerous inquiries for new credit can negatively a�ect your credit score. So just say “No” to new credit card o�ers — especially if you’re actively looking for a new home.
CREDIT CARD
000 000 000 000
LOW APRNO PAYMENTS
PRE QUALIFIED
Unfortunately, errors can show up on your credit report — and they can stay there for years if not disputed. Be sure to check your report and put the wheels in motion to clean up any errors.
CREDIT SCORE
The length of your credit history is factored into your credit score. Keep old accounts open that have a long history of on-time payments, even if you don’t use them anymore.
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